Embedded Security Market Predicted to grow at a CAGR of 7.2% from 2023 to 2033

In 2022, the market for embedded security was estimated to be worth US$ 7,182.9 Mn; by the end of 2033, it is anticipated to be worth US$ 15,110.6 Mn. The embedded security market is anticipated to reach a value of US$ 7,519.4 Mn in 2023 and to expand at a CAGR of 7.2% from 2023 to 2033.

Embedded security refers to the incorporation of security features into various hardware and software components of an electronic system. These security features are used to protect the electronic system from unauthorized access, tampering, and data breaches.

Get a Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/15901

The embedded security market is a rapidly growing industry due to the increasing use of internet-connected devices and the growing concerns around cybersecurity threats. The market includes a wide range of products and solutions, including secure microcontrollers, secure elements, embedded SIMs, hardware security modules, and trusted platform modules.

The market is driven by various factors such as the increasing adoption of connected devices in various industries, the growing demand for secure and reliable systems, and the rising need for data protection and privacy. In addition, the increasing use of IoT devices in critical applications such as healthcare, automotive, and industrial automation is also driving the growth of the embedded security market.

The market is segmented based on component, application, and geography. The component segment includes hardware and software. The application segment includes automotive, healthcare, industrial, consumer electronics, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Ask for Customization @ https://www.persistencemarketresearch.com/request-customization/21511

Competitive Landscape
In May 2021, Microchip launched the trust platform design suite (TPDS), a software platform for device configuration and on boarding to Microchip's secure provisioning services.

Key Players:
Microchip
Texas Instruments
McAfee LLC
Advantech Co., Ltd.
STMicroelectronics
Renesas
Broadcom Inc.
Hitex GmbH
Qualcomm
Analog Devices, Inc.

Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.